https://www.taxtmi.com/caselaws?id=14993 Section 80HH deduction must be computed on profits and gains of the industrial undertaking as income computed under the Income-tax Act, after giving effect to sections 30 to 43A, because Chapter VI-A deductions apply only to income included in gross total income under section 80B(5). The later insertion of section 80AB is treated as clarificatory and declaratory of the same position, so it applies retrospectively rather than prospectively. A gross-basis deduction without statutory adjustments was therefore not the correct method. en-us Mon, 03 Apr 2000 00:00:00 +0530 Mon, 27 Jul 2009 15:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14993 Section 80HH deduction must be computed on profits and gains of the industrial undertaking as income computed under the Income-tax Act, after giving effect to sections 30 to 43A, because Chapter VI-A deductions apply only to income included in gross total income under section 80B(5). The later insertion of section 80AB is treated as clarificatory and declaratory of the same position, so it applies retrospectively rather than prospectively. A gross-basis deduction without statutory adjustments was therefore not the correct method. Case-Laws Income Tax Mon, 03 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14993